---
schema_version: "secwatch.filing_event.v1"
accession: "0000821130-23-000042"
form_type: "8-K"
ticker: "AD"
cik: "0000821130"
company_name: "ARRAY DIGITAL INFRASTRUCTURE, INC."
filed_at: "2023-08-04T23:59:59+00:00"
generated_at: "2026-06-12T06:45:38.851124+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# UScellular Q2 revenue down 7% to $957M; TDS initiates strategic alternatives review

## Summary
- Total operating revenues $957M in Q2 2023, down from $1,027M in Q2 2022; service revenues $760M vs $783M.
- Net income $5M ($0.05 diluted EPS) vs $21M ($0.25) a year ago.
- Fixed wireless customers grew 66% to 96,000; tower rental revenues up 10%.
- TDS and UScellular boards initiate process to explore strategic alternatives; Citi retained as financial advisor.
- 2023 guidance: service revenue lowered to $3.025-3.075B; adjusted EBITDA raised to $925-1,025M.

## SEC filing metadata
- accession: 0000821130-23-000042
- form_type: 8-K
- ticker: AD
- cik: 0000821130
- company_name: ARRAY DIGITAL INFRASTRUCTURE, INC.
- filed_at: 2023-08-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/821130/000082113023000042/0000821130-23-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/821130/000082113023000042/usm-20230804.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000821130-23-000042
- JSON: https://secwatch.observer/filing/0000821130-23-000042.json
- Plain text: https://secwatch.observer/filing/0000821130-23-000042.txt

## Key facts
- Earnings Releases
  ARRAY DIGITAL INFRASTRUCTURE, INC. reported the second quarter of 2023 results: revenue $957 million, net income $5 million, EPS $0.05. Guidance reaffirmed.
  - Period: the second quarter of 2023
  - Revenue: $957 million
  - Net income: $5 million
  - EPS: $0.05
  - Guidance: reaffirmed
  - Result: reported results
  source text: United States Cellular Corporation (NYSE:USM) reported total operating revenues of $957 million for the second quarter of 2023, versus $1,027 million for the same period one year ago. Service revenues totaled $760 million, versus $783 million for the same period one year ago. Net income attributable to UScellular shareholders and related diluted earnings per share were $5 million and $0.05, respectively, for the second quarter of 2023 compared to $21 million and $0.25, respectively, in the same period one year ago.
  evidence_url: https://www.sec.gov/Archives/edgar/data/821130/000082113023000042/0000821130-23-000042-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.